Frutarom Buys Flavors and Ingredients Maker in Israel

Frutarom Industries says it has agreed to acquire Raychan Food Industries (Beerot Yitzhak, Israel), a producer and supplier of flavor compounds and functional ingredients, for $1.05 million, or about $1.23 million including debt and excluding working capital. Raychan generated $5.5 million in 2006 sales, Frutarom says. The deal is expected to be completed within three months, pending final approval by the Israeli Anti Trust Commissioner. The deal will strengthen Frutarom’s technological capabilities and its R&D infrastructure and product offering for...

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